Loan Calculator

Annuity Reducing

Regional Housing Microloan

300,000-2 million AMD

11% interest rate

10 years’ term

Without a service fee

The incomes derived from agriculture are also taken into account

If You need money for a regional residential real estate   



 then “Kamurj” UCO offers you a credit with the following conditions.


Loan granting conditions 



Borrower (s)

RA citizen and RA resident individual (s) 

Age limitation 

Borrower’s age at the moment of applying minimum 20, maximum 60

Loan amount

300,000-2,000,000 AMD

Loan repayment term

6-120 month

Grace period for loan payment

0 month

  •  if borrower’s/ co-borrower’s incomes are on a periodic/monthly basis,

up to 90 months

  • if borrower’s/co-borrower’s incomes are derived from agriculture

Annual interest rate


Annual actual interest rate


Granting fee

Lump Sum

1% of loan amount (at least 10,000 AMD)

Loan servicing monthly fee

Free of charge

Loan application review fee

Free of charge


Cash withdrawal fee

Free of charge 

Payment mode

Equal monthly payments (annuity)

Moreover, if borrower’s/co-borrower’s incomes are derived from agriculture, at least three payments of the loan amount need to be done at each 12-months period of the loan term

Early payment penalty

The borrower should pay accrued interests and penalties (if any) until the early payment date

Applicable penalties

Overdue loan amount and overdue interest rates 0.12% per day (maximum 90 calendar days)

Lending territory

Territory of RA except Yerevan city

Basic security 

Minimum  2 guarantees 

Maximum term of loan approval

Within 7 days after presentation of all the required documents

Maximum length of loan granting

Within 1 days after presentation of all the required documents

The program is implemented by the “National Mortgage Company” UCO CJSC funding.

¹ During the previous 12 months, borrower’s/co-borrower’s total amount of loan overdue days can not exceed 30 calendar days.

² Persons who are affiliated with borrower can not be guarantees for the same borrower and loan. Co-borrower can not be a guarantee for the same loan.

Other Conditions

The peculiarities of Regional loans:

        1. The amount of the loan, in case of loans for construction, can not exceed 80% of the budget amount within the execution of construction works.

        2. Real estate purchasing loans are provided solely cashless.


Necessary requirements for Borrower’s credit history

  •  Loan obligations should not be overdue at the moment of loan granting decision
  •  The number of overdue days for the last 12 months (repaid and acting) must not exceed 30 calendar days.





  1. Borrower’s/ co-borrowers’ insurance from accidents within the loan balance amount,
  2. Insurance costs are paid by the borrower according to the tariffs of insurance companies,
  3. “Kamurj” UCO CJSC acts as a beneficiary.



List of necessary documents



Required documents in case of building

Required documents in case of obtaining


Actual Annual Interest Rate


ATTENTION: Annual real rate shows how much the loan will cost to you after paying the interest rate and other payments in defined deadlines and amounts. You can find the calculation order of annual real interest rate in the following address 8/01.


ATTENTION: The lender provides the information about the   borrower’s obligations to the Credit Registry of the Central Bank of Armenia.


WARNING: Your assets (house, car, etc.) may be confiscated if you do not make payments of interest and credit amount within the prescribed time as well as other regulations specified in the agreement between you and the “Kamurj” company.